Heritage Financial Advisory

Join Mike Desepoli for the Heritage Market Update for April 2021.

Welcome to the Monday Morning Market Minute for April 12th! This week Mike Desepoli discusses Fed chair Jerome Powell's appearance on 60 minutes, and what message he is sending to the markets. Later this week, earnings season kicks off yet again and we will be watching closely. Have a great Monday!

Join Mike Desepoli of Heritage for the Monday Morning Market Minute for April 5th, 2021. 

Welcome to the Monday Morning Market Minute for March 29th! Markets continue to chop as the first quarter comes to an end. There is likely to be volatility this week and the market has a few major events on the economic calendar.....but history suggest there might be a surprise awaiting investors in the month of April. Join Mike Desepoli as he discusses all that and more.

Welcome to the Monday Morning Market Minute for March 22nd! Tech shares look to resume their market leadership as treasury yields back off for the first time this month. Mike Desepoli walks you through the key market movers for this week. Have a happy Monday!

The major markets retreated once again as all 5 indices closed lower. The losses were evenly paced as all five closed within half a percent of each other. This occurred despite fresh all-time high in the S&P 500 and the Dow Jones.

Looking back at last week, possibly the most consequential economic event that took place was Federal Reserve Chairman Jerome Powell’s Wednesday press conference. During the question-and-answer segment, Powell was asked if it was time to start “…talking about talking about tapering yet?” to which he chuckled and replied “Not yet.”

This exchange highlighted quite clearly the dovish and patent stance the Fed has taken to stimulate the domestic market despite the recent rise in treasury interest rates.

Not surprisingly, the Fed made no changes to the Fed Funds Rate which has remained between 0 and 25 basis points for a year now. Furthermore, Powell stated that a majority of the fed members didn’t anticipate an increase in the Fed Funds rate for the next three years.

Meanwhile, treasuries saw the long-term end of the yield curve climb higher yet again as it represented the eighth consecutive week of increases in the 10-year yield. The 10-year closed Friday at 1.74% after testing the 1.76% rate midweek.

The rise in interest rates contributed to the stalled performance at the sector level which saw mixed returns. The notable standout was the loss in the S&P 500 Energy sector which dropped over seven and half percent last week after seven consecutive weeks of gains. Nevertheless, the Energy sector remains the top performer year to date with a gain over 29%.

With this being the last full week of the first quarter, overall performance has been positive with losses only in two sectors and gains across all five major markets.

Welcome to the Monday Morning Market Minute for March 15th! Markets are trying to turn the corner in early action and our time has alot of things on our mind. Mike Desepoli revisits our take on treasury yields, as well as shares some of our high frequency data which is very encouraging. Have a great day!

Welcome to the Heritage Market Pulse for Friday March 12th! Markets are looking to post their first weekly gain in three weeks. Mike Desepoli discusses why the recent media frenzy around "rising yields" posing a risk to the market is preposterous. Have a great weekend!

Welcome to the Heritage Market Minute for March 8th, 2021. The markets have entered correction territory as volatility has returned, Mike Desepoli shares some insights into how the Heritage team is approaching this week.

Welcome to the Monday Morning Market Minute for March 1st, 2021. This week markets try to claw back from last week's sell-off. There are a few things the Heritage team are keying in on as they evaluate the markets this week. Mike Desepoli explains in the M4.